With regards to your question, I have had some experience in this area; however, can you specifically outline what questions you have and I will answer any that I can (and let you know what I may not be able to)? I will need to know what understanding you have thus far; that is… how much research you have already undertaken and specifically what you are looking for. For example: Holiday let, permanent let, townhouse development, apartments, how many individual properties, location by beach etc and so on. What is your budget and what are your longer term goals and objectives. I would also be keen to know why you are considering management rights, what your expectations are as well as your likes and dislikes (when it comes to work).

Some people are not good with book work but by buying the rights to a bigger development they can justify employing someone who is. The same applies to the gardening, pool and maintenance. Some do this themselves, while others bring in a specialist. Again your ability to justify bringing someone else in comes down to the size and income of the business. The last thing you would want is to take on a smaller boutique development unless you were both motivated and capable of handling all these issues yourselves.

Anyway, I’m happy to help… but will need more background and information from you please.

Have a great day and I look forward to your reply.

Kind regards,
Nick
PS: Sorry to be potentially ‘painful’ but I am a great believer in being thorough and helping people to always make fully informed buying decisions to avoid mistakes and or regret – I’m sure you would concur
PPS: When you say Northern NSW are you referring to a place like Coffs Harbour or Tweed Heads / Coolangatta?

I am currently building in Victoria but may make a move to Northern NSW to take on a Management Rights. Have you any experieince in this area ?